Casa Colon

Apartment building and premises for sale in Colon
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Property Details

Property ID
For Sale
Property Type
Sale Price
$ 1,250,000
Year Built
Unit Number
Built Area
517.12 m2
Total Area
517.12 m2
Date Published
Aug 29, 2023
Times Viewed

Property Description

This building has a Premium location, on the corner, on Calle 11 Ave. Central Barrio Sur, in the City of Colón, known for its commercial ports classified as a free zone. Contemplated in national urban renewal plans. It dates back to 1939, showing off the old finishes from the Golden colonial era of the city of Colon. It has 23 apartments and 4 commercial premises on the ground floor, currently generating investment returns of 8%. Its tenants have lived in the building for many years, making it a very profitable real estate business. It is also in front of Central Ave. with its park, where public transportation and the municipal market for fruits, vegetables and more are located. The entire building is sold complete with its active rents. It has 1 and 2 bedroom apartments with bathroom and kitchenette. Updates were made to change the electrical system, water pipes, roof, terrace, reinforced windows, wall repair and painting.


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